Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Gross Profit
- What is the difference between gross profit and profit?
Gross Profit - What is the difference between gross profit and profit?
The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. ... Net profit is your business's revenue after subtracting all operating, interest, and tax expenses, in addition to deducting your COGS.